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Mar 15, 2012
03/12
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our economy was contracting an annualized pace of nearly 9%. in the first quarter, it was contracting at 6.7%. so over that six months, our economy was contracting at nearly 8% pace. that is the worst six-month period other than the demobilization after world war ii since the great depression. we were losing 800,000 private sector jobs a month. our economy lost 3 million private sector jobs in the first four months of 2009. the stock market went as low as 6,500 in march and people were betting, many were betting it would go below 5,000. there was very little demand seen anywhere else in the world. so the president comes in and acly american recovery act on the 17th, less than one month after he's inaugurated. the idea that one should have waited months and months to haggle over whether you could get a little more here or there would have been tragically irresponsible. we absolutely faced a potential spiral down that could have been -- could have led to another great depression. instead, we returned to growth in the second half of 2009 and retur
our economy was contracting an annualized pace of nearly 9%. in the first quarter, it was contracting at 6.7%. so over that six months, our economy was contracting at nearly 8% pace. that is the worst six-month period other than the demobilization after world war ii since the great depression. we were losing 800,000 private sector jobs a month. our economy lost 3 million private sector jobs in the first four months of 2009. the stock market went as low as 6,500 in march and people were betting,...
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Mar 14, 2012
03/12
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CSPAN3
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for more momentum in our economy. ck -- you raised gas prices. i'd like to come back to that in a second. first, saying with the question of jobs, moving to looking ahead again into a subject that you have thought a lot about, which is not just quality of jobs. and david altuer, made the argument in this recession what we particularly have lost, middle skill jobs, could be good jobs that could be held by people with high school educations, and what we've seen is a lot of lower-wage, lower-skill jobs being added in food preparation and other areas, challenge that if you'd like. i'd also love to hear you look ahead -- i don't mean to make you defensive -- >> no, no, that's idea. >> look ahead and talk a little bit about where you see the growth areas of particularly middle-class jobs in the united states in coming years. >> laura tyson and others out there can correct me but i think the largest job growth has been in professional and business services by far. if you look at the 3.9 million that have been added over the
for more momentum in our economy. ck -- you raised gas prices. i'd like to come back to that in a second. first, saying with the question of jobs, moving to looking ahead again into a subject that you have thought a lot about, which is not just quality of jobs. and david altuer, made the argument in this recession what we particularly have lost, middle skill jobs, could be good jobs that could be held by people with high school educations, and what we've seen is a lot of lower-wage, lower-skill...
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May 20, 2012
05/12
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WETA
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the way it is usually measured is by the size of the economy. and then people use that figure, and when they make presumptions -- projections, that the chinese economy will keep growing at this rate and therefore overtake us, what they disregard is that china is four times more people than the united states. that means four times more people to feed, to howls, to take care of. >> i think we have a graphic that shows that. there we are. >> income of per-capita -- income per capita is less than one-tenth of the united states and even by the year 2015 will not catch up anywhere near us. in a really severe totalitarian society like north korea, you could disregard people, star of them and put all of the resources into the military -- >> we have information on the screen derived from the world bank. but this is happening, though. you cannot buy a piece of clothing in the united states that was not made in china, practically. i am sure proud of his jacket, made in haiti. it's sort of looks as though they have taken us over, in a sense, and it creates
the way it is usually measured is by the size of the economy. and then people use that figure, and when they make presumptions -- projections, that the chinese economy will keep growing at this rate and therefore overtake us, what they disregard is that china is four times more people than the united states. that means four times more people to feed, to howls, to take care of. >> i think we have a graphic that shows that. there we are. >> income of per-capita -- income per capita is...
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Nov 21, 2012
11/12
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KCSM
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he must ensure the rapid and stable growth of the economy. he also has to rein in local government investments. >>> some adults have to get used to electronic gadgets such as smartphones, but many children take to them naturally. now here starting to use smartphones and the apps designed for them to get even smarter. >> 31-year-old yishi and her daughter live in tokyo. she is just a year and ten months old and already she is preoccupied with mom's smartphone. this app is a favorite. she touches a drawing of an animal and a photo of it pops up on the screen and then it makes a sound. the app's maker decided to advance the intellect of young children. she started playing with her mother's smartphone just two or three months after she was born. now she uses six different educational apps. >> translator: it is really helpful for times when i can't give her my complete attention or when she starts throwing a tantrum in public. i hand it to her and instantly she gives it all of her attention. >> reporter: the youngsters at this nursery school are a
he must ensure the rapid and stable growth of the economy. he also has to rein in local government investments. >>> some adults have to get used to electronic gadgets such as smartphones, but many children take to them naturally. now here starting to use smartphones and the apps designed for them to get even smarter. >> 31-year-old yishi and her daughter live in tokyo. she is just a year and ten months old and already she is preoccupied with mom's smartphone. this app is a...
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Mar 11, 2012
03/12
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CSPAN
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it will be a boost for our economy. and it will increase our productivity and efficiency over the long term. and the final thing i just want to make mention of is the issue of how we pay for all these things. there obviously, over the last couple of years, has been an enormous debate about deficits and debt -- and i'm sure we'll have a chance to talk about that more during the q&a. the fact of the matter is that we have already made significant cuts when it comes to discretionary spending. we are pruning this government to make sure the programs that don't work we eliminate, so that we can invest in the programs that are necessary for our growth. we're going to have to make some continued reforms when it comes to, particularly, our health care system, because it is still too expensive and we've got an aging population that we're going to have to take care of.
it will be a boost for our economy. and it will increase our productivity and efficiency over the long term. and the final thing i just want to make mention of is the issue of how we pay for all these things. there obviously, over the last couple of years, has been an enormous debate about deficits and debt -- and i'm sure we'll have a chance to talk about that more during the q&a. the fact of the matter is that we have already made significant cuts when it comes to discretionary spending....
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Apr 19, 2012
04/12
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CSPAN3
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see an economy that's growing between 2% and 3%. and where it comes out in that range will determine the pace at which you see more people get back to work and the pace at which unemployment comes down. for unemployment to come down at a significant pace, you need to be growing significantly above 2.25%, 2.5%. if the world conspires against that and some mix of oil or iran or europe slow the momentum here again as it did before, then you'll be at the weaker end of that range. still again, just to try to emphasize what's promising, again, we're in a much stronger position to deal with even those challenges, those uncertainties than we were six months or a year ago. most things you can look at and measure in the u.s. economy today suggest, suggest more resilience even though we have a lot of challenges still ahead of us. >> there was a gentleman behind you and then you, sir. >> fred bergsten. the major operational discussions will be augmentation of imf resources to build an additional firewall to help accusation possible effects from
see an economy that's growing between 2% and 3%. and where it comes out in that range will determine the pace at which you see more people get back to work and the pace at which unemployment comes down. for unemployment to come down at a significant pace, you need to be growing significantly above 2.25%, 2.5%. if the world conspires against that and some mix of oil or iran or europe slow the momentum here again as it did before, then you'll be at the weaker end of that range. still again, just...
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Feb 9, 2012
02/12
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CSPAN3
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and we want to energize the economy. but we want to it to equal, of course, jobs here in the united states. they have the effect of providing preferential treatment in terms of particular business behaviors or particular sectors of the economy. do you agree that tax reform should address these kinds of distortions? >> i think reform should have the 2k3w0e8 of making tax pro growth, simpler and fairer. and in 2010. and part of the house expiring provisions included a provision that was not ultimately enacted that required the joint committee on taxation to look at the expiring tax provisions and look at the analysis in terms of the cost benefit analysis, who the beneficiaries were, and i think it's that type of analysis that really is important in terms of looking at all the provisions that congress has previously enacted. some of them, you know, very well worth keeping as part of tax reform. others, if a thorough analysis has been done, may be outdated and should be limited. >> okay, thank you. >> i think the best approa
and we want to energize the economy. but we want to it to equal, of course, jobs here in the united states. they have the effect of providing preferential treatment in terms of particular business behaviors or particular sectors of the economy. do you agree that tax reform should address these kinds of distortions? >> i think reform should have the 2k3w0e8 of making tax pro growth, simpler and fairer. and in 2010. and part of the house expiring provisions included a provision that was not...
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Jun 7, 2012
06/12
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CSPAN3
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economy. it's knocked down consumer confidence quite noticeably. that's a somewhat issue, but i urge congress to come into agreement on that well in advance, not to push us to the 12th hour. but, again, i think that trying to put our fiscal situation on a sustainable basis is perhaps one of the most important things congress can be working on. >> when you look at the fed's last action since late 2008, short-term interest rates have been held to zero, mortgages securities naefrtd to support our economy, do the past actions inform you as you go forward in the current economic situation as you make your decision? >> yes. obviously, when we began these nonstandard actions we didn't have the benefit of very much experience except looking, say, at japan. but we now have more actual data, more experience. we've been able to observe the effects of these actions on financial market crisis. we have some model-based analysis of the effects on the broader economy. so there's stale lot of uncertainty about
economy. it's knocked down consumer confidence quite noticeably. that's a somewhat issue, but i urge congress to come into agreement on that well in advance, not to push us to the 12th hour. but, again, i think that trying to put our fiscal situation on a sustainable basis is perhaps one of the most important things congress can be working on. >> when you look at the fed's last action since late 2008, short-term interest rates have been held to zero, mortgages securities naefrtd to...
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Sep 26, 2012
09/12
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CSPAN2
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the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threa
the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that,...
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Jul 13, 2012
07/12
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KCSMMHZ
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others cite weaker domestic demand because of uncertainties about the economy. national bureau of statistics spokesperson says the government is aiming to stop the economic slowdown. >> translator: the chinese government will continue to focus on steady growth, strengthening and adjusting the policies in a bid to maintain economic growth. >> chinese premier wen jiabao lowered the country's growth target in march to 7.5% based on the ill effects of rapid growth. the level is down from last year's 8%. the government had been expecting a somewhat slower pace of growth in the past quarter, but the ongoing debt concerns in europe could further hurt the chinese economy. the eurozone crisis could dampen demand for exports and hurt domestic demand. some economists expect chinese authorities to resort to further interest rate cuts and other monetarying easing measures to support the economy. >>> a ragged chain of rocks in the east china sea is casting a shadow over diplomatic relations between tokyo and beijing. the object of the dispute, the senkaku islands known in chi
others cite weaker domestic demand because of uncertainties about the economy. national bureau of statistics spokesperson says the government is aiming to stop the economic slowdown. >> translator: the chinese government will continue to focus on steady growth, strengthening and adjusting the policies in a bid to maintain economic growth. >> chinese premier wen jiabao lowered the country's growth target in march to 7.5% based on the ill effects of rapid growth. the level is down...
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Oct 24, 2012
10/12
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CSPAN2
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on the economy that's not quite the case. .. now it's not. >> they spent billions going through, channeling money through state thanks primarily to state owned enterprises to roll a big new investment projects and keep the economy growing. that resulted in a bit of the stimulus hangover. the big inflation that was increasing food prices and other consumer prices. the chinese government therefore had to tighten of monetary policy to bring the economy out of control and avoid creating a big bubble. they overcorrected just a bit. wound up triggering what we're seeing this year and slowing inflation. the problem is what they are seeing now, if you look at the grass on the scene of china's gdp quarterly growth over the last few years, what they are seeing now looks like, it's not quite as sharp trajectory of decline that we saw prior, printed with the global financial crisis but the problem is right now they cannot use the same tool that the used to pull the economy up in 2008 in 2009. that's because in addition to these short-term p
on the economy that's not quite the case. .. now it's not. >> they spent billions going through, channeling money through state thanks primarily to state owned enterprises to roll a big new investment projects and keep the economy growing. that resulted in a bit of the stimulus hangover. the big inflation that was increasing food prices and other consumer prices. the chinese government therefore had to tighten of monetary policy to bring the economy out of control and avoid creating a big...
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Jul 3, 2012
07/12
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CSPAN3
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open up at a critical time of the economy. international decisions related to resource eh e exploitation and navigation and other matters will be made oat context of the convention whether we join or not. we will not be able to go far more likely on the new requirements on our navy and ocean industries the united states is absent. the job creating activities on the decisions ratified. they don't want to be at a disadvantage. by not joining the law of the sea, we are diminishing the scope. some argued that the united states succession and they are unnecessary to secure the legal basis for companies to fully exploit oil, natural gas, and mineral wealth on the ocean floor. that is not what the opinion of the american companies is. that might invest the resources in this activity. they tell us without the certainty of title provided by law of the sea convention, they would not go forward with many projections requiring large investments. their concern is that after doing the expensive exploration, research, testing and constructio
open up at a critical time of the economy. international decisions related to resource eh e exploitation and navigation and other matters will be made oat context of the convention whether we join or not. we will not be able to go far more likely on the new requirements on our navy and ocean industries the united states is absent. the job creating activities on the decisions ratified. they don't want to be at a disadvantage. by not joining the law of the sea, we are diminishing the scope. some...
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Jul 14, 2012
07/12
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KCSM
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eye 107
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the loans will econom a long ti. >> reporter: intends to the number and president limi economies, but the country is bracingrn. jakarta. >> and that's going to wrap pati the ja okinawa surveys indicated the presen decades later, the dispute >> public over the jamprehens military should occupy the >> translator: japan needs to stronger action. >> transla the government will do what it by j china closely.ed just 12 hours before both countries' tt his counterpart repeated that the islands belong to china. wi >> i think there's not so much doubt that they were sent by the chinese government to express their distrust.ntion to nationaf we should point out two factors. one is the party congress is in delicate, sensitive political . know, the nationalistic from t into a and it's the same -- the situation in theof the so as far as that is concerned, the issues are similar. asian nations that we have to ib japanese it we will shelf thet to east asian nations over parts o south china sea which is potentially rich in natural n right note chinese media say the contingen sea vessel that will suppl
the loans will econom a long ti. >> reporter: intends to the number and president limi economies, but the country is bracingrn. jakarta. >> and that's going to wrap pati the ja okinawa surveys indicated the presen decades later, the dispute >> public over the jamprehens military should occupy the >> translator: japan needs to stronger action. >> transla the government will do what it by j china closely.ed just 12 hours before both countries' tt his counterpart...
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Jan 16, 2012
01/12
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KCSMMHZ
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he says they will boost taiwan's economy. with ma as president for another four years, what will happen to relations between taipei and beijing? we'll speak to experts on cross strait relations from taiwan and china. first we have a reporter from the taipei studio. >> reporter: the burning issue in the campaign was how close taiwan should forge its relationship with mainland china. ma's re-election shows that a majority of votes want him to carry on deepening relations with china, a policy whichsoever has helped taiwan's economy grow. >> translator: i want ma to honor his campaign pledge. i hope to see taiwan continue its stable growth. >> reporter: at his post election news conference, ma said he was determined to seek even closer ties with mainland china. >> translator: i would try to deepen the trust across the strait over the next four years. i also do my best to keep the peace between the two sides. >> reporter: but not all tie wa these share -- they fear it could lead to unification with china. >> translator: taiwan wil
he says they will boost taiwan's economy. with ma as president for another four years, what will happen to relations between taipei and beijing? we'll speak to experts on cross strait relations from taiwan and china. first we have a reporter from the taipei studio. >> reporter: the burning issue in the campaign was how close taiwan should forge its relationship with mainland china. ma's re-election shows that a majority of votes want him to carry on deepening relations with china, a...
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Apr 20, 2012
04/12
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CSPAN3
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economy didn't have five, ten years ago. certainly, some costs are going up in countries like china. many companies are taking a look offshore and using full cost. what are some of those? three major ones. one is on the tax side. we have the dubious honor now of april 1st to have the highest corporate t tax rate in the world and that's also close to on the effective rate. we've got to do something on the corporate tax side that doesn't just rejigger the deductions and incentives and leaves the effective rate the same. we've got to focus on reducing the effective rate. i would argue before, we should do that in a way that keeps key incentives thr critical to manufacturers. one of those is makers or modified accelerated cost recovery system, which is essentially being able to write-off committee sooner than you would. that's a critical incentive. the rnd tax credit, those are all very critical tax incentives that help u.s. manufacturers become more competitive. i think one other area we need to focus on, we should be focusing
economy didn't have five, ten years ago. certainly, some costs are going up in countries like china. many companies are taking a look offshore and using full cost. what are some of those? three major ones. one is on the tax side. we have the dubious honor now of april 1st to have the highest corporate t tax rate in the world and that's also close to on the effective rate. we've got to do something on the corporate tax side that doesn't just rejigger the deductions and incentives and leaves the...
SFGTV: San Francisco Government Television
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May 21, 2012
05/12
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SFGTV
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they grew first and they are pulling the local sector of the economy forward. when that upswing went down in 2008 and we had the start of the recession we are currently in, those industries went down first and local industries or more successful. when we went into recession, the local industries suffered the most. in 2010, the creative industries and disaster industries were showing growth while local industries were showing a decline. these industries are seen together in one the city economy but the ones driving the change are competing in markets outside of san francisco and bringing the income in or not selling it in as they're doing badly. i want to talk now about how these different sectors of the economy have been doing competitively. these charts offs are a device to simply see how different industries are performing competitively. each type represents a bubble and each sizes the number of jobs. the board to the right they are is how fast they have been growing in the past business cycle. toch where they are on the vertical access is san francisco's con
they grew first and they are pulling the local sector of the economy forward. when that upswing went down in 2008 and we had the start of the recession we are currently in, those industries went down first and local industries or more successful. when we went into recession, the local industries suffered the most. in 2010, the creative industries and disaster industries were showing growth while local industries were showing a decline. these industries are seen together in one the city economy...
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Aug 12, 2012
08/12
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CSPAN2
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>> all attitudes are correct the chinese economy like the japanese economy of world war ii and the u.s. economy 1840 through 1890 piggybacked on other developments. read the charles dickens diary he was furious of the pirated versions of his book this is an unfortunate but familiar trait of a catch up the economy is illegitimate role of u.s. government policy and a corporate strategy to put pressure to change these practices. one of the deals the u.s. was pushing for was different intellectual property regime from the chinese officials. where the outside world deeds to keep pushing. i have a genuine timex watch but in china ahead of $5 rolex. in mainland face a by the rolex but in hong kong they have to say fake rolex. there is transparency. but they must be hyper could be vigilant to recognize taino will trap itself it will not have its own pharmaceutical companies or corporations with the national brand those that have its ge and the rolex would suggest a lot of other changes that is the important point*. the crown jewel is the engine so rolls-royce our thinking all the time how they
>> all attitudes are correct the chinese economy like the japanese economy of world war ii and the u.s. economy 1840 through 1890 piggybacked on other developments. read the charles dickens diary he was furious of the pirated versions of his book this is an unfortunate but familiar trait of a catch up the economy is illegitimate role of u.s. government policy and a corporate strategy to put pressure to change these practices. one of the deals the u.s. was pushing for was different...
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Apr 3, 2012
04/12
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CSPAN3
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can you tell me -- china is a very swiftly emerging economy, growing and emerging economy. the other two largest, japan and germany, would be the third and fourth largest economies after china and the u.s. what are the r&d budgets they put forward? >> off the top of my head, i can't really say exactly how the r&d budgets, but i can say that certainly china especially has a very strong commitment to those industries which china deems would be an important part of their economic prosperity and future. and for that reason, that is why they are investing in many -- they want to diversify from coal. they are heavily dependent on coal. they are investing in nuclear reactors. the biggest deployer of wind and solar in the world, in their country. they also view that as something for export as well. >> okay. well, i was just hoping i could get a sense whether or not other really mature economies like germany and france were doing numbers much more similar to us. i think all of the really fast emerging economies would be doing more r&d than we would be doing. i'll leave that. we can
can you tell me -- china is a very swiftly emerging economy, growing and emerging economy. the other two largest, japan and germany, would be the third and fourth largest economies after china and the u.s. what are the r&d budgets they put forward? >> off the top of my head, i can't really say exactly how the r&d budgets, but i can say that certainly china especially has a very strong commitment to those industries which china deems would be an important part of their economic...
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Jul 12, 2012
07/12
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KCSMMHZ
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instability here risks upsetting the entire global economy. a nuclear-free korean peninsula and peace in the south china sea are crucial goals for the international community. this week's meetings have underlined how important it is that nations come together and compromise to find lasting solutions. that's all for our special coverage of the asean meetings here in cambodia. thank you for joining us. i'm dhra dhirakaosal. >>> myanmar used to draw the kind negative attention north korea gets. but that changed once its leaders started implement regforms. now u.s. president barack obama is recognizing the southeast asian nation's transformation. he's conditionally eegs investment sanctions. obama says the decision is a show of u.s. support for the country's transition to democracy. his administration considered relaxing restrictions when myanmar held by-elections in april for its national assembly. his secretary of state hillary clinton hinted in may this policy change could be coming. but obama says american businesses are still concerned about
instability here risks upsetting the entire global economy. a nuclear-free korean peninsula and peace in the south china sea are crucial goals for the international community. this week's meetings have underlined how important it is that nations come together and compromise to find lasting solutions. that's all for our special coverage of the asean meetings here in cambodia. thank you for joining us. i'm dhra dhirakaosal. >>> myanmar used to draw the kind negative attention north korea...
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Feb 24, 2012
02/12
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CSPAN3
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economy. so these health impacts are disproportionately in low income communities where they are located. that's another piece not sustainable about the current situation. also as jimmy pointed out we're getting increasingly competitive with other countries. other countries are moving forward to make green and clean energy a big part of development policy. china made it a big piece of what it just did. we have not incorporated it into a long-term economic planning process. that's frankly just silly given if we haven't put a price on carbon or recognized climate change as a policy issue, most places have and these markets are growing worldwide. not prioritizing this as an economic development strategy does not make sense. one more thing, we currently also to the point dr. zyker made, we do recognize status quo. i take issue with subsidy kilowatt hour, we've been subs di subsidizing oil and gas since infrastructure costs were high. now it happens most of that stuff is built out and what we're su
economy. so these health impacts are disproportionately in low income communities where they are located. that's another piece not sustainable about the current situation. also as jimmy pointed out we're getting increasingly competitive with other countries. other countries are moving forward to make green and clean energy a big part of development policy. china made it a big piece of what it just did. we have not incorporated it into a long-term economic planning process. that's frankly just...
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Feb 9, 2012
02/12
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CSPAN3
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global economy is good for the united states economy, equals jobs. thank you. >> you bet. >> mr. pisani is recognized. >> thank you, mr. chairman. i want to clarify something that came up during dr. mcdermott's line of questioning. and that is the joint tax analysis that was done. i want to reemphasize the stats about that report. the estimates are not complete and secondly, they're not comprehensive. in fact, only 60 out of 150 measures have been scored. and those are preliminary. and that gets us to a rate of 25%. i'm optimistic we can get to a lower rate once we have a full analysis of all these measures. so i think we need to keep that in mind the joint tax analysis is not comprehensive at this stage. and our committee will have to continue to work to get to that point. professor hanlan, we've all been very concerned about the vast number of temporary provisions in the tax code and the uncertainly it's created. often times these get renewed retroacti retroactively. i would like you to elaborate on how do you deal from a financial accounting perspective. >> they're just unpred
global economy is good for the united states economy, equals jobs. thank you. >> you bet. >> mr. pisani is recognized. >> thank you, mr. chairman. i want to clarify something that came up during dr. mcdermott's line of questioning. and that is the joint tax analysis that was done. i want to reemphasize the stats about that report. the estimates are not complete and secondly, they're not comprehensive. in fact, only 60 out of 150 measures have been scored. and those are...
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at least here in the west ask how does one fix capitalism but do we actually have capitalism in this economy anymore or do we have credit to them as our guest richard duncan puts it he's flown halfway around the world from thailand to explain to us what this means and why he fears civilization could survive a true crisis of criticism plus we'll talk about what role the abandonment of the gold standard has played in fostering this type of credit tism plus what the future could bring for gold as a monetary metal this as billionaires george soros and john paulson have again loaded up on it they ramped up their gold holdings or at least holdings of the largest gold backed exchange traded fund is according to an f.c.c. filing yesterday that businessweek reported on and as the u.s. continues to run trillion dollar plus a budget deficits the question remains unanswered as to how long this can continue because look one major foreign creditors slowly unloads u.s. debt look how another is stepping in and increasing its holdings look at what's happening right behind me with china and japan and japan st
at least here in the west ask how does one fix capitalism but do we actually have capitalism in this economy anymore or do we have credit to them as our guest richard duncan puts it he's flown halfway around the world from thailand to explain to us what this means and why he fears civilization could survive a true crisis of criticism plus we'll talk about what role the abandonment of the gold standard has played in fostering this type of credit tism plus what the future could bring for gold as...
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May 3, 2012
05/12
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they have immense economy sitting on a $3 trillion cash war cleft to be able to fix banks or the economy when they need to. given the type of surplus, you know, fiscal situation they've been running from for the last many years. so they may not be at 9% or 10% slowing down to 7%, people make that front page news. to me it's not a major risk factor. there are problems within its economy. potentially a housing market that's bubbling up. some company state controlled banks with large numbers of debt that need to probably work through at some point, but for the time being we're not too concerned with china. as it relates to the second risk factor we don't think it's significant, because although it's got a fat tail, it's only what we think a 10% probability event, which is the whole, you know, arab world. the spring rising that we talked about a year ago and potentially some flare-up in the middle east that might raise oil prices to $150 a barrel, because of iran these days. a risk factor. something to keep an eye on and certainly might want to have some tail risk hedges against that, but no
they have immense economy sitting on a $3 trillion cash war cleft to be able to fix banks or the economy when they need to. given the type of surplus, you know, fiscal situation they've been running from for the last many years. so they may not be at 9% or 10% slowing down to 7%, people make that front page news. to me it's not a major risk factor. there are problems within its economy. potentially a housing market that's bubbling up. some company state controlled banks with large numbers of...
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Mar 24, 2012
03/12
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FOXNEWSW
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there is all of the cascading affect and it hurts the economy. >> it doesn't help the economy and dennis is exaggerating a bit. and that is for the most part the students in debt represent a small percentage of potential home buyers and the bigger problem, over all economy is very week. that is a bigger problem. bill, what do you think? >> i think the tuition debt load will hurt the housing market and car market and one trillion dollar monkey on our back is something you can't chuck off in a personal bankruptcy and a lot of people who owe it are realizing they wasted higher education spending . in here four year study. i don't want to pay off a slacker's bill. there are slackers not paying their bill. i don't want to do that. i paid off my college bill. >> it takes one to know one. >> i was not a slacker. i paid every. you better believe i paid every month. >> i don't think it is a bigger problem. and it is not a big of a deal. it will get better. >> wait a minute. college tuition is causing parents to sell the family silver to stay solvent. tuition is higher than when you went to colleg
there is all of the cascading affect and it hurts the economy. >> it doesn't help the economy and dennis is exaggerating a bit. and that is for the most part the students in debt represent a small percentage of potential home buyers and the bigger problem, over all economy is very week. that is a bigger problem. bill, what do you think? >> i think the tuition debt load will hurt the housing market and car market and one trillion dollar monkey on our back is something you can't chuck...
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Jun 13, 2012
06/12
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CSPAN3
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so, the economy is getting harder to identify. we see culprits like gas prices, gdp and job growth, is there going to be a tipping point? >> yes, for three years in a row now, we have seen the economy start with strong job growth. we had a spike in oil prices, when it started happening, it was perplexing. oil prices were up, but not as much as a year ago. they peaked in april and had been moving down ever since. the payroll tax was taken care of a few months ago. if you look around the world, it is striking the extent to which, it is just kind of actually manic that businesses and markets hate unsernl certaintun. but the extent to which, political actors themselves are factors in the economic outcome this year is without precedent. in europe, whether or not the zone collapses is more in the hands of german voters. and here, you have this you know, conplufluns of events occurring at the end of the year. when republicans and democrats agreed to pile onto the lame duck session, we'll have a referendum and then talk about what to do.
so, the economy is getting harder to identify. we see culprits like gas prices, gdp and job growth, is there going to be a tipping point? >> yes, for three years in a row now, we have seen the economy start with strong job growth. we had a spike in oil prices, when it started happening, it was perplexing. oil prices were up, but not as much as a year ago. they peaked in april and had been moving down ever since. the payroll tax was taken care of a few months ago. if you look around the...
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Mar 13, 2012
03/12
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yesterday discussed the economies of saudi arabia, qatar, kuwait and other countries. james smith described saudi arabia's effort to move away from an economy dependent on oil exports, this is an hour-long event. >> we have to press ahead so i'd like to reconvene our forum at this time. as you know we're still on our tight schedule with one hour remaining for our second panel. the same procedures will pertain for questions from the floor so please begin sending them up as the panelists give their opening remarks. moderating our second panel is the honorable allen larson. and we at the national u.s. arab chamber remember fondly his days as undersecretary of state to have commission and many years prior to that neba bureau where he was a u.s. trade and international fair treatment for u.s. companies. so it's a particular pleasure to call on ambassador larson to moderate this panel. >> thank you very much, good afternoon, everyone. we're looking forward very much to this panel. we're going to be considering a set of challenges that, perhaps, paradoxically, are just as dif
yesterday discussed the economies of saudi arabia, qatar, kuwait and other countries. james smith described saudi arabia's effort to move away from an economy dependent on oil exports, this is an hour-long event. >> we have to press ahead so i'd like to reconvene our forum at this time. as you know we're still on our tight schedule with one hour remaining for our second panel. the same procedures will pertain for questions from the floor so please begin sending them up as the panelists...
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May 3, 2012
05/12
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CSPAN3
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they take purchasing power out of the economy. i think this is one of your big head winds. >> in terms of the macroeconomic impact it doesn't matter what's driving it now is different from 2008. it only matters if it's going up and down. >> up or down and how much anxiety there is, expectations about the future. in 2008 we were basically looking the kind of world discovered the emerging markets really count. that was the sort of fundamental thing. this time it's -- it is iran and a tight oil market and the need for new supplies. >> it's also worse when it's about supply. if prices are going up because of concerns about supply, that is more material when prices are going up because it's global demand growing because demand the an offset. always a little bit different than 2005. >> always remember that two months before lehman brothers collapsed oil prices hit their peak and what was hale hurt the most? people who are paying sub prime mortgages. >> let's do another comparison with 2008. china was perceived to be one of the big heroe
they take purchasing power out of the economy. i think this is one of your big head winds. >> in terms of the macroeconomic impact it doesn't matter what's driving it now is different from 2008. it only matters if it's going up and down. >> up or down and how much anxiety there is, expectations about the future. in 2008 we were basically looking the kind of world discovered the emerging markets really count. that was the sort of fundamental thing. this time it's -- it is iran and a...
WHUT (Howard University Television)
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Dec 18, 2012
12/12
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WHUT
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we'll do anything to grow the japanese economy. i deeply believe reviving the economy will lead to a stronger japan. >> members of the japan business federation want japanese negotiators to join talks on the transpacific partnership free trade deal. abe said he'll study the issue thoroughly. >>> time to get a check on tuesday's markets. most european shares are higher, tracking gains in new york. investors were fueled by expectations that u.s. lawmakers are close to reaching a deal to avoid the fiscal cliff. >>> fashion a lotaking a look a going on right now, london's ftse trading higher by 0.25% perform dax is up 0.30% and cac is down 0.6%. >>> tokyo shares continued to benefit from a weak yen but a recent rally in chinese stocks kept investors from snapping up shares further. tok tokyo's nikkei ended up over 0.9% after nearly reaching the key 10,000 yen level. in china shanghai composite ended up 0.1%, while hong kong's hang seng slipped just about 0.1%. in india, the sensex closed up about 0.7%. >>> the dollar is little changed
we'll do anything to grow the japanese economy. i deeply believe reviving the economy will lead to a stronger japan. >> members of the japan business federation want japanese negotiators to join talks on the transpacific partnership free trade deal. abe said he'll study the issue thoroughly. >>> time to get a check on tuesday's markets. most european shares are higher, tracking gains in new york. investors were fueled by expectations that u.s. lawmakers are close to reaching a...
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Feb 6, 2012
02/12
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KCSMMHZ
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the country has a growing economy and is faced with increasing demand with electricity. the two countries signed a memorandum of understanding in june 2010 to prepare for the construction project. however, talks broke down in november of the same year after the two sides failed to resolve key differences. japan then tried to replace south korea and finalize a similar deal. but the talks were suspended following the nuclear accident at the fukushima daiichi power plantd in march of last year. some fisheries still can't sha off the effects of earthquake and tsunami last spring. first the disaster damaged their plants stopping production. now, they've run into a hitch that prevents them from restarting operations. this is slowing recovery in the region where the long-term economy depends on the seafood industry. >> reporter: the disaster last spring left its mark on this town. it took the lives of nearly 3,300 residents and left the city in ruins. factories that process seafood were so badly damaged they couldn't operate. now the industry is trying to get back on its feet,
the country has a growing economy and is faced with increasing demand with electricity. the two countries signed a memorandum of understanding in june 2010 to prepare for the construction project. however, talks broke down in november of the same year after the two sides failed to resolve key differences. japan then tried to replace south korea and finalize a similar deal. but the talks were suspended following the nuclear accident at the fukushima daiichi power plantd in march of last year....
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Jun 20, 2012
06/12
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CNBC
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it's going to be influencing the economy. if you're out out of market because of that, you're going to be out of the market for months if not years. i wrote a blog about this on cnbc.com. that's not going to change. we want to change fundamentals, the reality is if the environment suggest policy maker wills manipulate good or bad, the market in the economy, you have to be there. i agree you want to be tactical, i'm just very hesitant to the go all cash for a guaranteed loss. >> is that what happened today michael? >> they come all the way back, final hour, ending really flat on the day. >> this is a perfect example of how do you invest on a sentiment game. the markets essentially went down why, because we didn't have more than operation twist, but the market started to go up when you got the statement where people are using adjectives to suggest being aggressive in the future. the fed is on a trajectory to dump massive loads of money into the system. the same thing will happen in europe, and we know the same thing is happenin
it's going to be influencing the economy. if you're out out of market because of that, you're going to be out of the market for months if not years. i wrote a blog about this on cnbc.com. that's not going to change. we want to change fundamentals, the reality is if the environment suggest policy maker wills manipulate good or bad, the market in the economy, you have to be there. i agree you want to be tactical, i'm just very hesitant to the go all cash for a guaranteed loss. >> is that...
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Jun 8, 2012
06/12
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economy? >> if additional stimulus is needed, could the actions of the federal reserve achieve additional financial accommodation? putting aside potential bad side effects that might be associated with that, i recognize that rates are quite low so that clearly is a consideration. i think we do have methods and tools that will allow us to get further accommodation and the economy and provide some support. it is not quite the same thing to say that the problem of the u.s. economy is not lack of financial accommodation. or to say that if the main problems are coming from elsewhere that the federal reserve might provide support from using the tools it has. i have said this before that monetary policy is not a panacea. it would be better to have a broad base policy effort addressing a whole variety of issues. congress has considered many of these issues. i would be much more comfortable if congress would take some of this burden from us and address those issues. >> that is the point i would like to
economy? >> if additional stimulus is needed, could the actions of the federal reserve achieve additional financial accommodation? putting aside potential bad side effects that might be associated with that, i recognize that rates are quite low so that clearly is a consideration. i think we do have methods and tools that will allow us to get further accommodation and the economy and provide some support. it is not quite the same thing to say that the problem of the u.s. economy is not...
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Feb 10, 2012
02/12
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global economy good for the united states economy equals jobs. thank you. i yield back. >> more basani is recognized. >> thank you mr. chairman, i want to clarify something that came up during dr. mcdermott's line of questioning. that is the joint tax analysis that was done. we pointed a couple things out. i think this bears emphasis -- reemphasizing these facts about that specific report. first and foremost, the estimates are not complete and secondly, they're not comprehensive. in fact, only 60 out of 150 measures have been scored. those are preliminary. that gets us to a rate of 28%. i'm optimistic that we can get to a lower rate once we have a full analysis of all these measures. so i think we need to keep that in mind that the joint tax analysis is not comprehensive at this stage and incomplete. our committee will have to continue to work to get to that point. professor hanlon, we've all been considered about the uncertainty of the tax code. oftentimes things get renewed retroactively. it creates a lot of problems from a compliance standpoint. i would
global economy good for the united states economy equals jobs. thank you. i yield back. >> more basani is recognized. >> thank you mr. chairman, i want to clarify something that came up during dr. mcdermott's line of questioning. that is the joint tax analysis that was done. we pointed a couple things out. i think this bears emphasis -- reemphasizing these facts about that specific report. first and foremost, the estimates are not complete and secondly, they're not comprehensive. in...
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Mar 14, 2012
03/12
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it's absolutely essential for an innovation economy. 90% of the patents, 70% of private sector research, 60% of exports come from manufacturing. there's an excellent article in the harvard business review in 2009 that talks about when you let manufacturing decline because of recession or because of a particular trade imbalance, that the problem is you lose your innovative and skilled workforce necessary to take leadership in the next new thing in manufacturing. so one of the things we're doing is making a strong push to strengthen manufacturing to make it more competitive for people who locate here. you have consultants telling people if you look at the next ten years as opposed to the previous ten years, you'll find that the united states workers, per productivity and salary are going to be more competitive just from a cost basis than location in china. and what many of them said were important was, one, the degree that you were encouraging manufacturing. the degree the united states was doing things like we're doing a select usa, we're making it easier for people to figure out how to
it's absolutely essential for an innovation economy. 90% of the patents, 70% of private sector research, 60% of exports come from manufacturing. there's an excellent article in the harvard business review in 2009 that talks about when you let manufacturing decline because of recession or because of a particular trade imbalance, that the problem is you lose your innovative and skilled workforce necessary to take leadership in the next new thing in manufacturing. so one of the things we're doing...
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Jun 8, 2012
06/12
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CSPAN2
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economy. i recognize that is notional value implies a larger underlining market fell you to this particular market. there was a federal reserve of new york report in march called an analysis otc interest rate derivatives transactions that essentially said this market was very difficult to measure, very difficult to see, difficult to values of most of the transactions occurred over-the-counter and not on the broad exchange and said the lack of comprehensive transactions data has been a barrier to understanding how the otc derivatives markets operate and as i was reading it struck me that a lot of those words could be used to describe what happened with the mortgage-backed securities collateralized debt obligations issues we had in 2008, so i guess my first question is shouldn't we be concerned about this market and its lack of transparency? >> it's probably one of the most important derivatives markets and we pay a lot of attention to it as to the sec and the cftc who have a lot of jurisdiction
economy. i recognize that is notional value implies a larger underlining market fell you to this particular market. there was a federal reserve of new york report in march called an analysis otc interest rate derivatives transactions that essentially said this market was very difficult to measure, very difficult to see, difficult to values of most of the transactions occurred over-the-counter and not on the broad exchange and said the lack of comprehensive transactions data has been a barrier...
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Feb 14, 2012
02/12
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mayors have proven they can organize and turn major economies around. we can do it. i just think that you have to hold people accountable for what it is that we want done. and then hold their feet to the fire to get those vital few things built. >> we have time for one more question right here. >> in palo alto when we went was the board. today it's quite striking to hear that many of the panelists basically said that washington had become an ak row nichl. so, my question is, what specific metrics and goal could washington have to kind of regain its relevance? what would be your view? >> gdp, knocking down unemployment, having a quality of life index. bhutan has a happiness index. we're now the 13th least happy nation in the world. i mean, i do think that we can rally around some very, very important things. we've done it locally. you know, college education as a deliverable, stunning 40% of d.c. high school students don't go to college. so, that's a metric that people are rallying around locally because we know the biggest indicator of poverty is not getting a colleg
mayors have proven they can organize and turn major economies around. we can do it. i just think that you have to hold people accountable for what it is that we want done. and then hold their feet to the fire to get those vital few things built. >> we have time for one more question right here. >> in palo alto when we went was the board. today it's quite striking to hear that many of the panelists basically said that washington had become an ak row nichl. so, my question is, what...
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Apr 3, 2012
04/12
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CSPAN3
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debt in this economy relative to the size of the economy doubled, increased by 2.5 times i think. just relevant in the size of the economy over a 15 or 20-year period. at the end of the day, it strangled us. for a while it financed a great boom in home building, but as soon as the crisis that's inevitably going to happen, home building prices went down, we couldn't handle the debt. and people hadn't saved during this period because it was so nice to borrow money. you know, you could borrow on the mortgage and took out the mortgage and you got a home equity loan, then you got another borrowing, and your
debt in this economy relative to the size of the economy doubled, increased by 2.5 times i think. just relevant in the size of the economy over a 15 or 20-year period. at the end of the day, it strangled us. for a while it financed a great boom in home building, but as soon as the crisis that's inevitably going to happen, home building prices went down, we couldn't handle the debt. and people hadn't saved during this period because it was so nice to borrow money. you know, you could borrow on...
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Aug 20, 2012
08/12
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FOXNEWSW
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it's not just the economy although the economy is the largest piece of it. it is clearly as you are pointing out the fact that many prior supporters are not as taken with the president as they were in prior years. >> neil: was it just coincidental on this day of all days he makes a surprise appearance in the press room to talk to his lawyers? >> this is another piece of this. the reporters who cover it, many of them having been favorable to him have really been on his case. he has had far fewer press conferences, press availability than other presidents for this portion of his presidency. they are tired of it. they are unhappy about it. they wanted a chance to ask him some questions and finally they got their chance today. notice it was a surprise. white house doesn't want to give the press too much time to prepare. they might think of tougher questions. >> neil: my producer and i were talking about this. this is the one advantage being president of the united states. no matter how much your opponent is raising money, he can't hope to compete you walking int
it's not just the economy although the economy is the largest piece of it. it is clearly as you are pointing out the fact that many prior supporters are not as taken with the president as they were in prior years. >> neil: was it just coincidental on this day of all days he makes a surprise appearance in the press room to talk to his lawyers? >> this is another piece of this. the reporters who cover it, many of them having been favorable to him have really been on his case. he has...
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put aside the economy some even say that china doesn't have an ideology and you are a person who has lived there most of his life have spent several years consulting chinese decision makers to use realize that this is a kind of i have an ideology today the ideology is money that is the sole ideology i'd say from top to bottom that's what people are thinking that's what's on people's minds you have a system of hyper growth and the growth mentality has been also connected to the success mentality people in china judge their success they judge somebody by what brands they wear how many cars they have what the brand of the car is and and so you know you have a situation where i talk about you know it's the growth conundrum describe it is the beijing traffic i mean you once upon a time had people riding bicycles to get around town really easily but now you have so many ferraris and lamborghinis in gridlock traffic is what caught interactive parking lots nobody is moving and this is kind of reached this could be reaching a saturation point and exactly having no ideology absence of ideology
put aside the economy some even say that china doesn't have an ideology and you are a person who has lived there most of his life have spent several years consulting chinese decision makers to use realize that this is a kind of i have an ideology today the ideology is money that is the sole ideology i'd say from top to bottom that's what people are thinking that's what's on people's minds you have a system of hyper growth and the growth mentality has been also connected to the success mentality...
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Aug 12, 2012
08/12
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economy but won't be increasingly a local service economy. i think there's one other misunderstanding prior to 2000, 85% of the manufacturing job were domestic productivity gains not offshoring. it's about 67% come from productivity gains. i think a bit like agricultural. 25% of gdp it fell to 10. the power to growth in manufacturing and the productivity in manufacturing powered the growth in the service economy. >> host, you know, stay on manufacturing for a second. one thing, i think the one dollar versus $19 i'm not sure -- that is one type of manufacturing, and a in many workers u.s. workers are more productive. i think the reason we have a robust decline manufacturing sectors there are a lot of areas where u.s. workers are way more productive. the difference in pay is justify offset. >> guest: absolutely. >> host: the other thing you mentioned earlier was you mentioned intel. well, one of the reasons why i think that we have been successful in the high-tech sector and the internet we have in fact, we have both manufacturing and software
economy but won't be increasingly a local service economy. i think there's one other misunderstanding prior to 2000, 85% of the manufacturing job were domestic productivity gains not offshoring. it's about 67% come from productivity gains. i think a bit like agricultural. 25% of gdp it fell to 10. the power to growth in manufacturing and the productivity in manufacturing powered the growth in the service economy. >> host, you know, stay on manufacturing for a second. one thing, i think...
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Jul 18, 2012
07/12
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KQED
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economy is weak and the federal reserve is ready to take action to change that. but speaking to the senate banking committee, the fed chairman didn't give any clues
economy is weak and the federal reserve is ready to take action to change that. but speaking to the senate banking committee, the fed chairman didn't give any clues
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Apr 2, 2012
04/12
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CSPAN3
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and the world economy back from the edge of the abyss. we successfully stabilized the financial system and restarted economic growth. over the past 2 1/2 years, despite the crisis in europe, despite the rise in oil prices early last year, despite the disaster in japan, despite the huge damage to confidence in the united states caused by the threat of default on the u.s. government's obligations for the first time in history, despite all those challenges, our economy has grown at an average annual rate of about 2.5% over the last 2 1/2 years. the private sector has added nearly 4 million new jobs. private investment and exports are expanding much more rapidly than gdp as a whole, and we're seeing quite broad-based strength across the american economy in agriculture and energy, manufacturing and in high tech. but, of course, looking forward we still have a lot of work to do to repair the damage caused by the crisis. unemployment is still very high as you all know, and the housing market is still very tough. we still face a challenging and v
and the world economy back from the edge of the abyss. we successfully stabilized the financial system and restarted economic growth. over the past 2 1/2 years, despite the crisis in europe, despite the rise in oil prices early last year, despite the disaster in japan, despite the huge damage to confidence in the united states caused by the threat of default on the u.s. government's obligations for the first time in history, despite all those challenges, our economy has grown at an average...
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Feb 15, 2012
02/12
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CSPAN3
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the debt as a percent of the economy. the president does this not by slashing defense and domestic investments as would happen under the sequester but by taking a balanced approach. the question is how do we reduce the deficit and the president's approach is the balanced approach. it's the frame work from the bipartisan commissions, it adopts the very -- the cuts that we made in discretionary spending. it cuts mandatory spending. and it does something else. it lieliminates the special interest tax rates and asks t wealthy americans to go back to paying that tax rate that was in force during the clinton administration. if they take a lopsided approach and further slash invests in education, and science and research and infrastructure and they do slash the social safety net in that they cut $700 billion from medicaid that goes to help people like the vulnerable seniors in nursing homes and they do ask seniors on medicare to carry the entire risk of rising health care costs. that is their choice. but that is not a balanced a
the debt as a percent of the economy. the president does this not by slashing defense and domestic investments as would happen under the sequester but by taking a balanced approach. the question is how do we reduce the deficit and the president's approach is the balanced approach. it's the frame work from the bipartisan commissions, it adopts the very -- the cuts that we made in discretionary spending. it cuts mandatory spending. and it does something else. it lieliminates the special interest...
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Mar 5, 2012
03/12
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KCSMMHZ
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. -- economy. chinese lawmakers have kicked off their annual meeting. the premier says china will trim its annual target for growth. china's leadership is getting a shake up this fall. and the power struggles are playing out at this year's national people's congress. attend dees at the parliament's annual meeting discussed polici for the coming year. the president and premier are trying to cement their legacy. china is the world's second largest economy. and the country's prowess keeps growing. that's why people will closely watch the policies the congress addresses to the nation's problems. >> reporter: those problems you mentioned include corruption, income disparity and environmental pollution. they are all by-products of china's growing economy and they won't go away on their own. the focus of this congress is whether the present government will be able to come up with effective solutions. this is a great hall of the people where the annual conference of the national people's congress is taking place. about 3,000 delegates from all over china have g
. -- economy. chinese lawmakers have kicked off their annual meeting. the premier says china will trim its annual target for growth. china's leadership is getting a shake up this fall. and the power struggles are playing out at this year's national people's congress. attend dees at the parliament's annual meeting discussed polici for the coming year. the president and premier are trying to cement their legacy. china is the world's second largest economy. and the country's prowess keeps growing....
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Dec 18, 2012
12/12
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we'll do anything we can to grow the japanese economy. i deeply believe reviving the economy will lead to a stronger japan. >> members of the japan business federation want japanese negotiators to join talks on the trans pacific partnership free trade deal. abe said he will study the issue thoroughly. abe took time this morning for a telephone call with u.s. president barack obama. they talked about meeting next month in washington. it would be abe's first foreign visit after forming a new government. he's made strengthening the japan/u.s. relationship a priority. nhk world has more from washington. >> people in the obama administration place a high priority on stability in the asia-pacific. they have been troubled by increasing tension between japan and china over which country owns the senkaku islands in the east china sea. their concerned thathe conflict i claims allowed to fester could unsettled dynamic in the region. they want to see policies and sophisticated diplomacy to calm the swaituation. they're drawn into military confrontati
we'll do anything we can to grow the japanese economy. i deeply believe reviving the economy will lead to a stronger japan. >> members of the japan business federation want japanese negotiators to join talks on the trans pacific partnership free trade deal. abe said he will study the issue thoroughly. abe took time this morning for a telephone call with u.s. president barack obama. they talked about meeting next month in washington. it would be abe's first foreign visit after forming a...
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Feb 2, 2012
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but clearly a market economy and want to use the market wherever appropriate. >> good. exactly. >> looking at the stimulus plan, you know, if you use the most aggressive, optimistic numbers of jobs creators saved that have been promulgated, the cost of the stimulus plan divided by the number of joshgs $400,000 per job. would you say the private sector could have done better than that if we'd have said some form of tax reform or tax reduction, we'll leave the stimulus dollars in the hands of the taxpayers instead of cycling through washington. would that have create add better economic outcome for the united states? >> lard to say. we were in a deep recession, you know. and one of the differences between this recession and the '82-86 was that the fed had, fed's tightening to reduce inflation was one of the main reasons for the '82 inflation. when they cut rates, a big reason. this case, rates zero. can't do as much as they did in the mid-80s. so i'm sorry. so -- your question -- so the other thing, like i said i would comment, is that -- is that, you know, dividing the n
but clearly a market economy and want to use the market wherever appropriate. >> good. exactly. >> looking at the stimulus plan, you know, if you use the most aggressive, optimistic numbers of jobs creators saved that have been promulgated, the cost of the stimulus plan divided by the number of joshgs $400,000 per job. would you say the private sector could have done better than that if we'd have said some form of tax reform or tax reduction, we'll leave the stimulus dollars in the...
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Apr 16, 2012
04/12
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in most cases, whether emerging markets, developing economies, developing economies, i've seen the same thing, the cost of instability, unemployment, the economic loss -- it is the same in all countries, to differing degrees. we saw the painful conclusion of exclusion and high unemployment, especially with young people, and especially in countries full of hope that would have liked to transition from the arab spring to a better future. it is imperative in those countries that reforms succeed, and imperative that all of the people in the middle east have the opportunity for a more fair and prosperous future, and it is imperative that we help them help themselves, otherwise not only would it be a lost transition, but it would be a lost promise. appropriate financial support would be critical. the cost of inaction for the region would be much higher than the cost that is needed to help themselves. in the middle east and elsewhere the global economy must help deliver the growth and jobs that people need, and it is not happening at the scale it should. even as we grapple with the crisis, we
in most cases, whether emerging markets, developing economies, developing economies, i've seen the same thing, the cost of instability, unemployment, the economic loss -- it is the same in all countries, to differing degrees. we saw the painful conclusion of exclusion and high unemployment, especially with young people, and especially in countries full of hope that would have liked to transition from the arab spring to a better future. it is imperative in those countries that reforms succeed,...
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Nov 20, 2012
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asean nations have an ambitious plan to integrate their economy. they need to remain united in the face of outside pressures in order to achieve that goal. in 2013, the u.s. secretary of state and chinese foreign minister have both visited the country in recent months. it seems that strategic diplomacy for next year's summit is already under way. that's going to wrap up our special coverage of the asean meetings. i'm patchari raksawong reporting from phnom penh. >> patchari, thanks. >>> japanese prime minister yoshihiko noda spoke with president obama about an ongoing dispute with china. noda briefed obama on the issues surrounding the senkaku islands in the east china sea. japan controls the uninhabited territory. china and taiwan claim it. the prime minister said he will deal with china calmly and continue bilateral discussions aimed at easing tensions and strengthening ties. noda stressed the value of ja n japan/u.s. relations. >> translator: we welcome the fact that the u.s. is shifting its strategic focus to the asia-pacific region. east asia'
asean nations have an ambitious plan to integrate their economy. they need to remain united in the face of outside pressures in order to achieve that goal. in 2013, the u.s. secretary of state and chinese foreign minister have both visited the country in recent months. it seems that strategic diplomacy for next year's summit is already under way. that's going to wrap up our special coverage of the asean meetings. i'm patchari raksawong reporting from phnom penh. >> patchari, thanks....